VOC Energy Trust (NYSE:VOC) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totalling 49,000 shares, a decrease of 16.4% from the August 30th total of 58,600 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 50,400 shares, the short-interest ratio is presently 1.0 days.
Separately, ValuEngine cut VOC Energy Trust from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st.
Shares of VOC Energy Trust stock traded up $0.02 on Tuesday, reaching $5.10. 20,900 shares of the company’s stock were exchanged, compared to its average volume of 54,770. VOC Energy Trust has a 52 week low of $3.32 and a 52 week high of $6.86. The firm’s 50-day moving average is $5.16 and its two-hundred day moving average is $5.33. The company has a market capitalization of $86.87 million, a P/E ratio of 7.03 and a beta of 1.84.
Several institutional investors and hedge funds have recently modified their holdings of VOC. National Asset Management Inc. bought a new position in shares of VOC Energy Trust in the 2nd quarter worth $286,000. BlackRock Inc. bought a new position in shares of VOC Energy Trust in the 2nd quarter worth $166,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of VOC Energy Trust by 81.4% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 22,283 shares of the oil and gas producer’s stock worth $113,000 after purchasing an additional 10,000 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of VOC Energy Trust in the 2nd quarter worth $42,000. Finally, Creative Planning lifted its holdings in shares of VOC Energy Trust by 8.2% in the 2nd quarter. Creative Planning now owns 98,252 shares of the oil and gas producer’s stock worth $498,000 after purchasing an additional 7,428 shares in the last quarter. Institutional investors own 15.93% of the company’s stock.
About VOC Energy Trust
VOC Energy Trust acquires and holds a term net profits interest of the net proceeds from production and sale of the interests in oil and natural gas properties in the states of Kansas and Texas. The company has a 80% term net profits interest of the net proceeds on the underlying properties. As of December 31, 2017, its underlying properties had interests in 492.5 net producing wells and 55,736.9 net acres; and had proved reserves of approximately 3.4 million barrels of oil equivalent (MMBoe) attributable to the portion of the Kansas underlying properties, and approximately 4.6 MMBoe attributable to the Texas underlying properties.
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